Cardinal hires Philips executive

Healthcare products firm Cardinal Health of Dublin, OH, has named a former executive from Philips Medical Systems of Andover, MA, as executive vice president of strategy and corporate development.

Vivek Jain will be responsible for long-range planning and mergers and acquisitions that complement the company's organic growth goals, Cardinal said. He reports to Cardinal CEO Kerry Clark, and is replacing Brendan Ford, who is retiring from the company after 16 years in legal and corporate development functions.

At Philips, Jain served as senior vice president of healthcare strategy and business development. Before joining Philips he was an investment banker at JP Morgan Securities of New York City and its predecessor companies for more than a decade.

By staff writers
August 13, 2007

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